AGNC Investment (NASDAQ:AGNC) Trading 1% Higher - Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares were up 1% on Thursday . The stock traded as high as $8.43 and last traded at $8.39. Approximately 12,816,256 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 18,522,822 shares. The stock had previously closed at $8.30.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Argus upgraded shares of AGNC Investment to a "hold" rating in a research note on Tuesday, February 4th. Jones Trading decreased their price target on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.13.

AGNC Investment Trading Up 1.7 %

The firm has a market capitalization of $7.86 billion, a P/E ratio of 8.86 and a beta of 1.32. The business has a 50-day moving average price of $9.66 and a 200-day moving average price of $9.69. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter in the prior year, the company posted $0.58 EPS. Analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th will be given a $0.12 dividend. This represents a yield of 17.7%. The ex-dividend date is Wednesday, April 30th. AGNC Investment's dividend payout ratio (DPR) is 148.45%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC acquired a new position in shares of AGNC Investment during the fourth quarter worth approximately $26,000. Financial Life Planners bought a new position in AGNC Investment in the 4th quarter valued at $28,000. National Bank of Canada FI increased its stake in shares of AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 1,832 shares during the period. Spire Wealth Management increased its stake in shares of AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,972 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,229 shares during the last quarter. Institutional investors own 38.28% of the company's stock.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).